Denver Life Insurance
Denver life insurance is a very serious and important product that you should consider closely. Many options, factors, variables are involved in making a decision on this type of policy, and our life insurance team understands how confusing it may appear at first glance. This page provides a comprehensive guide to the types of life insurance products DCInsurers - Mountain offers: term life, universal life, variable universal life, whole life, and variable whole life. Your specific needs will depend on whether you are looking into obtaining individual or group coverage, as well as other individual requirements. Please consult with this page for general information on Denver life insurance product types and feel free to contact our Denver life insurance agency with any questions, comments or additional information requests.
What types of Denver life insurance are there?You must be wondering what the difference between all of the types of Denver life insurance we have listed above actually is. The factors that change from one type to another vary in significance depending on your particular circumstances. Here is a brief summary of the features of each of these life insurance products (details may vary from policy to policy):
- Term Life is as simple as it gets when talking about life insurance products: coverage is purchased for a specific time period and an established price, so that in the case of death of the insured, his or her beneficiary receives the value of the insurance policy.
- Whole Life covers exactly what it claims – the whole life of the insured. Other than the term, this type of policy works in the same way as term life policies, the only exception being the fact that at least some of the premiums are invested by the insurer.
- Universal Life policies are based on the investment of an amount over and above an agreed minimum premium. Bonds or mortgages may serve as the investment vehicles in question. A special cash-value account is set up to include the investments and returns on them.
- Variable Life is similar to universal life: the major difference is that it is the insured that chooses the investment vehicles.